Downtown Pkb Inc
- Assets
- $224.9k
- Revenue
- $224.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Parkersburg, WV
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-1593463
Organization Overview
Downtown Pkb Inc is located in Parkersburg, WV. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Downtown Pkb Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Pkb Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Downtown Pkb Inc generated $224.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $247.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN PKB PROMOTES DOWNTOWN PARKERSBURG, FOSTERS ECONOMIC OPPORTUNITY AND CREATES COMMUNITY VITALITY. THE GOAL IS TO CREATE A VIBRANT COMMERCIAL DISTRICT THAT WILL PROVIDE DOWNTOWN BUSINESSES, WORKERS AND NEARBY RESIDENTS WITH GOODS AND SERVICES THEY NEED, AS WELL AS CREATE EDUCATIONAL, ENTERTAINMENT AND TOURISM OPPORTUNITIES. IN 2010, THE CITY OF PARKERSBURG APPLIED TO BE PART OF THE WEST VIRGINIA ONTRAC (ORGANIZATION, TRAINING, REVITALIZATION AND CAPACITY) PROGRAM AND WAS SELECTED TO PARTICIPATE. THE ONTRAC PROGRAM WAS CREATED BY MAIN STREET WEST VIRGINIA AND THE NATIONAL HISTORIC TRUST TO HELP CITIES CREATE A COMPREHENSIVE APPROACH TO ECONOMIC REVITALIZATION AND HISTORIC PRESERVATION BY FOCUSING ON FOUR KEY AREAS: DESIGN, PROMOTION, ECONOMIC RESTRUCTURING AND ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINTERFEST - PROMOTE DOWNTOWN PARKERSBURG THROUGH THE OPERATION OF SPECIAL EVENTS.
POINT PARK CONCERT SERIES - PROMOTE DOWNTOWN PARKERSBURG THROUGH THE OPERATION OF SPECIAL EVENTS.
FLOODWALL PROJECT
ALL OTHER PROGRAMS AND SPECIAL EVENTS, TO STIMULATE AND RESTORE VIABILITY TO THE DOWNTOWN PARKERSBURG AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Shriver Secretary | Trustee | 40 | $46,793 |
Amanda Stevens Executive Di | Officer | 40 | $14,538 |
Lindsey Piersol President | Trustee | 2 | $0 |
Vinnie Conley Director | Trustee | 1 | $0 |
Chuck Hughes Director | Trustee | 1 | $0 |
Rachel Poling Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,121 |
| Total Program Service Revenue | $17,869 |
| Investment income | $458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,331 |
| Compensation of current officers, directors, key employees. | $30,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,836 |
| Pension plan accruals and contributions | $1,940 |
| Other employee benefits | $0 |
| Payroll taxes | $16,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,275 |
| Fees for services: Accounting | $1,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,843 |
| Advertising and promotion | $7,273 |
| Office expenses | $4,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,688 |
| Travel | $318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $866 |
| Interest | $85 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,948 |
| All other expenses | $61,910 |
| Total functional expenses | $247,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,392 |
| Savings and temporary cash investments | $211,512 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $224,904 |
| Accounts payable and accrued expenses | $5,071 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,071 |
| Net assets without donor restrictions | $219,833 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $224,904 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Downtown Pkb Inc has recieved totaling $72,750.
| Awarding Organization | Amount |
|---|---|
Ross Foundation Inc Parkersburg, WV PURPOSE: FINANCIAL SUPPORT TO EVALUATE THE CREATION OF A HISTORIC DISTRICT FOR DOWNTOWN PARKERSBURG. | $41,500 |
Bernard Mcdonough Foundation Inc Parkerburg, WV PURPOSE: PROGRAM SUPPORT AND/OR OPERATING SUP | $15,000 |
Aarp Washington, DC PURPOSE: Grant to support AARP's Livable Communities initiative | $10,000 |
Parkersburg Area Community Foundation Inc Parkersburg, WV PURPOSE: ARTS, CULTURE, & HISTORY | $5,750 |
Bernard Mcdonough Foundation Inc Parkerburg, WV PURPOSE: PROGRAM SUPPORT AND/OR OPERATING SUP | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americans For Prosperity Arlington, VA | $36,122,323 | $113,776,550 |
Cincinnati Center City Development Corporation Cincinnati, OH | $365,563,062 | $43,403,938 |
Gateway Economic Development Corporation Of Greater Cleveland Cleveland, OH | $401,423,840 | $30,122,951 |
Capitol South Community Urban Redevelopment Corporation Columbus, OH | $40,052,734 | $27,422,003 |
Anne Arundel Economic Development Corporation Annapolis, MD | $15,670,028 | $30,337,180 |
City Of Baltimore Development Corporation Baltimore, MD | $22,115,045 | $13,864,142 |
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Maryland Manufacturing Service Inc Salisbury, MD | $279,305 | $5,207,545 |